Technical analysis of the stock market, or any other market such as
Forex, Bonds, Futures, is how most traders and investors make their
trading decisions. This is as opposed to fundamental analysis which most
people more agree is pretty much done as a way of making trading
decisions, unless of course you are Warren Buffet!.
You only have to think back to recent Stock Market scams like Enron
to know that it is almost impossible for the average, and even very
sophisticated fund manager or hedge fund trader to really know what the
real financial state of a company is.